Announced Sun, 5 Jul · 17:23 IST
Tata Power to raise Rs 1,500 crore via 5-year unsecured NCDs
Fund Raising View source PDF
TATAPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹375.20
prior close
₹375.20
base price
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AI summary
Tata Power plans to issue 1,50,000 unsecured NCDs of Rs 1 lakh each, totaling Rs 1,500 crore, on private placement basis to eligible investors. The NCDs have a 5-year tenure with deemed allotment on July 14, 2026 and bullet repayment at maturity. Interest is fixed rate, determined via bidding on BSE electronic platform, paid annually. NCDs will be listed on BSE debt segment. Credit rating is AA+/Stable from India Ratings and CRISIL.
Likely market impact
Raises Rs 1,500 crore debt for the company; NCDs are unsecured and rated AA+/Stable, indicating low default risk.